Member Info for mac4671

"M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc."

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Several transactions -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

And we arrive here -

"Purchase and sale contract – Assuming due diligence is completed with no major problems or concerns arising, the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase"

That's all we have to wait on at this stage, they'll have their financing in place and step 10 comes after we vote on the disposals via a EGM.

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

Can't keep the license movements hidden as they all get registered online and are available to view to anyone wh cares to look. R1ex, CAW etc have spotted pretty much every license movement since they arrived as investors here.

GLA

Could be fireworks this week then, great spot!

GLA

COP26 in full swing as well and we all know how critical Eurasia's metals are for the whole green industrial revolution change.

Every day that currently passes the demand scenarios for the metals increases.

Due diligence complete last week and now the lawyers get the purchase and sale contracts done for several transactions, it's just a case of popping the feet up and waiting on the deal details arriving at our side for us all to vote on them.

Koka Kola's all round!

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

"· Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence."

"Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale"."

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

They have to bring Russia fully into play to counter the problem, there isn't any other option. They all need to put their differences to one side and focus on the greater threat.

Anyone who has researched Eurasia, Monchegorsk, Murmansk and indeed the current industrial changes in Russia will know that they are actively changing and looking to work with other countries going forward.

The biggest problem appears to be trust barriers at both sides, some countries still don't trust Russia, other countries don't trust the U.S, and so it's those barriers of trust they need to work on in order to achieve the greater goal. The enemy of my enemy is my friend, the entire World currently has one common enemy.

GLA

Russia will make a fortune from green hydrogen and the metals required for the hydrogen economy and batteries. People often just think batteries are needed for EV cars, they're not, there's also grid storage to think about, wind, hydro electricity and solar are all being hooked up to large battery storage systems. There's even home storage battery systems for connecting personal turbines and solar to in order to run a home off grid. The metals are critical to the entire green industrial revolution, without them it can not take place!

GLA

"President #Putin on carbon neutrality: We do not just intend to achieve carbon neutrality - we are also going to make sure that in next 3 decades, the accumulated volume of net greenhouse gas emissions in Russia will be even lower than that of our neighbours and colleagues in #EU"

https://twitter.com/EmbassyofRussia/status/1455160045159731202?s=20

The metals at Eurasia's assets will play a vital role in Russia's and the rest of the World's green industrial transition!

GLA

Nickel, that's a very tough one with the JORC info to land. A lot is the only answer i can give right now. Here is one area of the large district, i guess if metal grades are similar throughout you could use an appropriate multiple factor. 3Moz Palladium equivalent approx here, so, multiply by 5 for an approximate figure for 15Moz MT for example. But, from recent info landing in RNS there appears to be a 70% resource upgrade en route -

Reserves, Vuruchuaivench deposit,
Category C1+C2
Ore (Mt) 83.6
Nickel (kt) 248.2
Copper (kt) 164.9
Cobalt (kt) 10.9
Platinum (kOz) 569.0
Palladium (kOz) 2781.0
Gold (kOz) 144.0

*Plat, Plad, & gold adjusted to correct kOz as per original Norilsk source.

https://www.ngu.no/upload/Aktuelt/CircumArtic/9_Russia_.pdf

The entire Monchegorsk district has to have in the region of 100Moz Palladium equivalent, but, we can't say 100% until we get the relevant JORC data for the whole MT + Flanks and the Rosgeo JV assets.

It's absolutely colossal, not really any other way of putting it tbh.

GLA

"M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc."

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Several transactions -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

Just to help the green boxes as we all know how they struggle with quite simple things -

several

determiner · pronoun
more than two but not many

Koka Kola's all round!

GLA

I've seen many point out the golden cross on twitter lately, great thing to see if you're into charting.

Bargain basement time is leaving the building!

GLA

The more shares you have the more dividends and future royalties you will receive, just saying.

Nice easy week if feet up and very relaxed this one, lawyers doing the purchase and sale contracts for several transactions. Grab a Koka Kola, pop the feet up, go on you know you deserve it!

GLA

Similar to the recent Sibayne situation -

"Sibanye-Stillwater said it had signed sale agreements with affiliates of funds advised by Appian Capital Advisory to acquire full ownership of the Santa Rita nickel and the Serrote copper mines in Brazil for $1bn. The company is also buying a 5 percent net smelter return royalty over potential future underground production at Santa Rita."

https://www.iol.co.za/business-report/companies/sibanye-stillwater-shares-leap-on-the-jse-after-it-signs-sale-agreement-with-brazil-for-green-metal-assets-eefea5ff-5a06-46dc-914b-49994058db4a

Another sale with a Royalty structure was done by Polymetal -

"Polymetal sold Sopka assets for a total consideration of RUB 800 million payable in cash (US$ 10 million) and 1% Net Smelter Return (NSR)."

https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/26-03-2020/

I imagine anything with battery metals contained will attract the higher royalty percentage.

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

"· Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence."

"Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale"."

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

"M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc."

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Several transactions -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

What happens with Eurasia is all part of the far wider plan for Murmansk -

" Also, in addition to the modernization of existing enterprises in the region, new production facilities are being built to replace harmful ones. So, starting next year in Monchegorsk, the construction of a white metallurgy plant "Bolshaya Copper" will begin in accordance with the most modern environmental standards"

https://gov-murman.ru/info/news/422769/

IPMI + Norilsk -

"Areas of Research
Projects from any field of science and technology can participate in the competition. However, palladium applications in the hydrogen economy (including hydrogen storage and cleaning films, catalysts for electrolyzers and fuel cells, and hydrogen sensors), battery technologies (with palladium as a battery energy density booster), sensors, industrial catalysts or alloys are seen as the most promising areas of the research."

https://ipmi.corgano.com/?fbclid=IwAR28ygj5JdkXlCidUZ_UaJKnjYgRZdGJ4KvmsNT6FMTS0EqwM4HgOMymdNY

"REALISING ITS RESPONSIBILITY TO THE FUTURE AND MAJOR CONTRIBUTION TO THE EMERGING GREEN ECONOMY AS A SUPPLIER OF CRITICAL MATERIALS, NORNICKEL BUILDS ITS STRATEGY BASED ON THE PRINCIPLES OF SUSTAINABLE DEVELOPMENT."

https://www.nornickel.com/business/sustainable-metals/

"In summer 2021, we produced our first ever certified batch of carbon-neutral nickel, with 5,000 tonnes of nickel cathodes shipped from Murmansk to an LME-certified warehouse in Rotterdam."

https://twitter.com/NornickelGroup/status/1452620630290046981?s=20

GLA

The area is an old copper mining area, it's where the visible open pits have came from, old copper mining days there. The previously worked areas South of Monchegorsk have always been visible -

https://www.google.com/maps/place/Monchegorsk,+Murmansk+Oblast,+Russia/@67.9306123,32.8986447,22603m/data=!3m1!1e3!4m5!3m4!1s0x4431761ebd85e72b:0xdbf5f7a54ca1b697!8m2!3d67.943134!4d32.8919562

You can find some previous Copper mining reference here -

https://thediggings.com/mines/usgs10232359

Norilsk's Monchegorsk big copper project . . . . . . could be a coincidence, but, is more likely all part and parcel of taking the district to production.

"Kola MMC is preparing its own railway infrastructure for the implementation of the Big Copper project"

https://www.kolagmk.ru/news/2021-09-08/kolskaya-gmk-gotovit-sobstvennuyu-zheleznodorozhnuyu-infrastrukturu-k-realizacii-proekta-bolshaya-med.html

Koka Kola's all round!

GLA

When third parties have arrived at positive conclusions for the Monchegorsk district -

"Conclusions and recommendations:
• as a result of the completed enlarged geological and economic assessment of platinum-metal objects of the Monchegorsk ore region, it can be argued that in modern conditions, the Vuruchuayvench deposit (with the Plast "330", Yuzhnosopchinsky, Arvarench sites), as well as the tubing ore occurrence and the site Loipishnyun in the general GOK can be worked out highly profitably and are of commercial interest; • the facilities include the Plast section "330" with simplified access to the ore, as well as enriched with platinum group metals section Vuruchuayvench (S [Pt + Pd] ˜ 3.29 g / t, in
including Pd ˜ 2.9 g / t), which allows us to expect fast payback of capital investments; • it is recommended to carry out additional exploration of the deep horizons of the Vuruchuaivench deposit with the calculation of reserves; • assess the condition of the exploration well, which was passed to the Sopchi vein massif below Plast "330", as well as the possibility of selective mining of this vein massif using modern tunneling and small-sized equipment; • carry out a separate feasibility study of conditions for ore occurrence Nittis-Kumuzhya-Travyanaya; • based on additional data from the exploration of the listed objects, taking into account new information on the Poaz ore occurrence to develop TPP for long-term development of Monchegorsk ore region."

http://www.tsnigri.ru/magazine/RM/2021/2021_1_min.pdf

From that conclusion you'll recognise these named areas -

1: Vuruchuayvench, Arvarench plot - https://efgi.ru/object/3117078
2: Vuruchuayvench, Plast "330" area - https://efgi.ru/object/3117080
3: Vuruchuayvench, Vuruchuayvench plot - https://efgi.ru/object/3117079
4: Yuzhnosopchinsky - https://rfgf.ru/gkm/itemview.php?id=38851
5: Nyud-Moroshkovoye - https://rfgf.ru/gkm/itemview.php?id=53232 - Currently in the process of gaining the license.
6: NKT - https://rfgf.ru/gkm/itemview.php?id=53121
7: Poaz: Richard managed to find everything associated - https://twitter.com/RichardDugdale3/status/1410555717984137223?s=20 -
Poaz - https://rfgf.ru/gin/itemview.php?id=b2eabd5d1afdd02021dde143e6c0d859
"20300157 G-1-176GCM passport Layer 280
20131279 G-1-175GCM passport Eastern Vuruchuayvench
20124654 G-1-174GCM passport Poaz (bottom deposit)"
https://efgi.ru/object/20078236

It gives you even more confidence when you can put the jigsaw together from highly respected third party conclusions.

GLA

Similar to the recent Sibayne situation -

"Sibanye-Stillwater said it had signed sale agreements with affiliates of funds advised by Appian Capital Advisory to acquire full ownership of the Santa Rita nickel and the Serrote copper mines in Brazil for $1bn. The company is also buying a 5 percent net smelter return royalty over potential future underground production at Santa Rita."

https://www.iol.co.za/business-report/companies/sibanye-stillwater-shares-leap-on-the-jse-after-it-signs-sale-agreement-with-brazil-for-green-metal-assets-eefea5ff-5a06-46dc-914b-49994058db4a

Another sale with a Royalty structure was done by Polymetal -

"Polymetal sold Sopka assets for a total consideration of RUB 800 million payable in cash (US$ 10 million) and 1% Net Smelter Return (NSR)."

https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/26-03-2020/

I imagine anything with battery metals contained will attract the higher royalty percentage.

GLA